4324 51st St - Apartments FOR SALE


San Diego, CA 92115- Colina Del Sol
$2,025,000 USD
858-248-1222
4324 51st St, San Diego, CA for Sale
$2,025,000 USD
Apartments - FOR SALE
1/6
null | 5% Cap Rate

4324 51st St
San Diego, CA 92115
Colina Del Sol


HIGHLIGHTS

  • 1989 Construction w/ Pitched Roof
  • Value-Add - Significant Rental Upside
  • Desireable Unit Mix of Mainly 2 Bedrooms w/ Garages
  • Seven (7) Garage Spaces - Five (5) Single Car Garages + One (1) Double Car Garage
  • ADU Conversion Potential
  • Central San Diego Location

OVERVIEW

CBRE is pleased to present 4324 51st St, a seven (7) unit value-add apartment building in the City Heights submarket of Central San Diego. Built in 1989, the property consists of one (1) one-bedroom, five (5) two-bedroom, one (1) three-bedroom units. The property also includes five (5) single car garages and one (1) double car garage. There exists significant rental upside of nearly 20% through an interior/exterior renovation program. Additional upside is achievable through conversion of existing garages into additional units through the City of San Diego’s ADU program. The property’s Central San Diego location in City Heights is a benefit to residents. Many retail centers are nearby as well as convenient access to major highways and thoroughfares that connect to job centers and entertainment.

FOR SALE DETAILS

PRICE

$2,025,000 USD

PRICE/SF

$407 USD /SF

# OF UNITS

7

PRICE/UNIT

$289,286

CAP RATE

5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1989

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

MR10B

APN/PARCEL ID

472-031-17

ASK ABOUT THIS PROPERTY

Nate PepperCBREMore Info
858-248-1222

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Nate PepperCBREMore Info
858-248-1222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.